Amazon shareholders on Wednesday voted towards all investor-led resolutions that challenged the company’s policies — together with its use of plastics and sure concealment clauses in contracts — on the firm’s annual assembly.
A complete of 15 investor resolutions had been thought-about, together with one launched on the assembly. The determine was a document for the retail and cloud computing large, as socially minded traders scrutinize its treatment of workers.
Traders voted for proposals to approve executive compensation, board members and a inventory cut up.
The enhance within the variety of resolutions, which Amazon beneficial traders vote towards, comes as tech firm shareholders push for extra transparency on social points resembling pay fairness, office tradition and security, and sustainability practices.
Antoine Argouges, CEO of activist investor Tulipshare, mentioned in an announcement that the corporate will proceed its push for staff’ rights at Amazon.
“While we’re disenchanted that our proposal didn’t go at the moment, this vote was just the start within the struggle for staff rights,” Argouges mentioned.
The variety of proposals additionally displays modifications underneath securities regulators appointed by President Joe Biden which have made it simpler for traders to file proposals and tougher for corporations to persuade regulators that these resolutions shouldn’t go to a shareholder vote.
